Press releases

To benefit from State guarantees, entrepreneurs must apply to one of ODSME’s partner banks, after which the bank will examine the loan application and submit the guarantee application with the company’s application to ODSME. ODIMM will examine the guarantee application within up to 5 working days, and if accepted, the bank and the applicant will be able to sign the credit agreement.

The financial resources of the Credit Guarantee Fund consist of allocations from the State Budget, assistance from donors, but also from other sources.

The role of issuing financial guarantees for loans obtained by SMEs was assigned to ODIMM in 2007. To date, ODIMM has issued financial guarantees to more than 300 companies, amounting to RON 92 million, which have made it easier to obtain bank loans amounting to RON 274.5 million. SME financing has helped to implement investment projects that have created more than 500 new jobs.